don't take me wrong, but i'd not buy that one. running cap at a fund most certainly beats any prop shot i've dealt with. let's see - mid-size HF...
done :)
well, an ivy grad that goes to a prop firm is not too bright to begin with, since he could not get into an i-bank. my general sense was that...
well, if you believe this is a temporary dislocation that will revert to "normal" soon - be a hero and sell equity protection vs. buy mezz. You...
No, that's not it - it's coming from CDO world "equity vs senior", not stocks vs bonds. A number of hedge funds engaged in what is known as...
Not really. All that these people are doing is trying properly price historical correlation vs implied correlation (implied by the differential...
I just saw Kudlow (or is it Cramer - the fatish guy with goatee?) on TV and he had no clue either, was babling about investors taking money out or...
Strategy wise, it was nothing unusual, many funds seem to have these one - long credit risk via equty tranche of iTraxx, short credit risk via...
EDS (equity default swap) is exactly that - a digital far OTM put. CDS is more of a bond spread product, you can think of a long CDS (get...
I happend to know the guy personally. Even though I disagree with him on variety of topics, I really do like him. He is a bright guy and has been...
Oh, as one lady (swaptions trader, if i recall correctly) in Citi used to say "first we cross em, then we spread em". Truly, the words to live by.
Hmm. The swap spreads actually rallied in the past few months, first we went from 40 bps down to 38 but then to 44.5 in the past month....
these days, i'd actually favor a 2s/10s steepener in puts out of all things. it can be done in green midcurves vs 10s too. if the carry is right,...
Oh, that's where you're going - GM is a very liquid name and people are tracking it rather closely. I'd not be surprized if every once in a while...
Mark Davies's group is very active in single name CDS, they are now merged with corporate desk, so the color on CDS direct from them should be...
I'm in process of buying an appartment in Manhattan, even though I am semi-bearish on RE (I don't think it will crash, but I do think it will not...
Well, imagine you take this job at whatever salary they are offering you. Let's also imagine that you are moderately good at making money, and in...
PV = (-1) FV = 6.6 n = 114 therefore i = 1.67 (%) its not linear anyway, so im not sure it matters anyway. [/B] oops, i was taking 660...
How did you get 1.67%? Even if you take continuous compounding, the appreciation is R=ln(66)/(2004-1890) = 3.67% (or something like it, don't have...
it's driven by their swap business
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